Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) major shareholder Palantir Technologies Inc. sold 8,300 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $1.50, for a total value of $12,450.00. Following the transaction, the insider now directly owns 1,515,122 shares in the company, valued at approximately $2,272,683. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Palantir Technologies Inc. also recently made the following trade(s):
- On Monday, September 16th, Palantir Technologies Inc. sold 6,673 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.35, for a total transaction of $9,008.55.
Surf Air Mobility Price Performance
NYSE SRFM opened at $1.35 on Tuesday. Surf Air Mobility Inc. has a 12 month low of $0.90 and a 12 month high of $17.50. The stock has a market capitalization of $111.68 million, a P/E ratio of -0.21 and a beta of 1.50. The firm's 50-day moving average is $1.84 and its two-hundred day moving average is $3.20.
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Surf Air Mobility (NYSE:SRFM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($1.96) earnings per share for the quarter, missing analysts' consensus estimates of ($1.40) by ($0.56). The company had revenue of $32.37 million for the quarter, compared to analysts' expectations of $30.15 million. As a group, analysts anticipate that Surf Air Mobility Inc. will post -7.07 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have commented on SRFM shares. Canaccord Genuity Group lifted their target price on shares of Surf Air Mobility from $1.00 to $2.20 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $2.80 price objective (down from $25.34) on shares of Surf Air Mobility in a report on Tuesday, May 28th.
Get Our Latest Analysis on Surf Air Mobility
Institutional Investors Weigh In On Surf Air Mobility
An institutional investor recently raised its position in Surf Air Mobility stock. Ieq Capital LLC boosted its position in shares of Surf Air Mobility Inc. (NYSE:SRFM - Free Report) by 75.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,762 shares of the company's stock after acquiring an additional 15,755 shares during the quarter. Ieq Capital LLC's holdings in Surf Air Mobility were worth $57,000 at the end of the most recent quarter. 17.68% of the stock is currently owned by institutional investors.
About Surf Air Mobility
(
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Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.
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